State development fund (SDF), now called corpus fund, requires sufficient fund in order to demand over 45 centrally-sponsored schemes, says ex-CM O Ibobi Singh
Imphal: Manipur former chief minister and Opposition leader O Ibobi Singh on Friday termed the Manipur Appropriation (No 2) Bill, 2020 as unrealistic and not practical. This was said on the last day of the ongoing 11th State Assembly budget session after chief minister N Biren Singh, who is also in charge of finance ministry, tabled the Bill in the House.
The government has created corpus fund of Rs 200 crore to be utilised by all departments for state matching share of centrally sponsored schemes on priority basis. However, the Opposition leader has termed as impractical given the fund constraint in the state.
According to Ibobi Singh, the state development fund (SDF), now called corpus fund, requires sufficient fund in order to demand the over 45 Centrally-sponsored schemes.
For instance, if the Centre released Rs 7,000 crore in a first installment, then the state will require Rs 700 crore. However, at present, there is only Rs 200 crore in the corpus fund, he added.
According to the Opposition leader, at present, MGNRGS has got Rs 1,200 crore and if the Centre releases the fund, the state will require Rs 120 crore.
Earlier, during the UPA term, the planning department under the planning commission used to allocate funds for all the major departments in accordance with the availability of the fund. But policy has changed after the NITI AAYOG, he said.
Singh also informed that in this budget session, finance department handles everything and during the fund presentation, the state matching share was failed to produce in the House except the Centre share.